Sudhir Ruparelia, Ugandas richest man with a $1.1 billion net worth in 2012, is the chairman and founder of The Ruparelia Group, Despite his remarkable career as one of the greatest rappers of all time, Jay-Z amassed his $2.5 billion fortune from his diverse investments. Success and Failure Based on Reason and Reality, "Ham Kiggundu: "I have made money genuinely", "Ham Kiggundu; Uganda's youngest self made billionaire attributes his wealth to loans well-used", "Tycoon Ham drags DTB to court over sh100b", "Ham hosts Muslims ahead of Eid feast Sqoop Get Uganda entertainment news, celebrity gossip, videos and photos", "Big Hearted: Tycoon Hamis Donates over Shs100m To Ministry of Health in the fight Against Corona virus", "OKUTUMBULA EBYOBULIMI: Ham Kiggundu ayanjudde enteekateeka", "Ham Enterprises Limited: Hamis Kiggundu", "Siblings who own a piece of Kampala City", "Hamis Kiggundu: Biography, Family, Wife and Net Worth", "Meet Hamis Kiggundu, the 37-year-old entrepreneur who built a property empire in Uganda", "Islam Is Peaceful, Beautiful, Pure and Absolute. Thanks to the success of the Ham Group, Kiggundu has become an inspiration for many young entrepreneurs within the East African Community and beyond. [25] DTB Bank later appealed the decision in the High Court and were issued an injunction halting payment of the monies. He has gone on to use his success to benefit those in his community, making projects such as these a reality in Uganda. Hamis Kiggundu is constructing a White House in Entebbe, a multi-billion state of the art building. At the time of its inception, the Ham Group was a small trading enterprise trading in garments, ladies bags, and other related textiles. Kiggundu has secured his name as a revered international business leader and made its mark in the transforming of the economies of the East African Community. I embarked on the reconstruction of the stadium as corporate social responsibility for community development and equally as an example to other Ugandans and Africans that if I can pull off such a huge project with private funding, so can they. The court additionally ordered the bank to unconditionally release/discharge all mortgages allegedly created over all Kiggundus properties and all corporate and personal guarantees issued by Kiggundu. The Forbes list of the wealthiest Ugandans includes Ham in addition to Sudhir Ruparelia, with an estimated net worth of $870 million as of August 2022. Through his company, Ham Group, he owns a property portfolio in the heart of Uganda's capital, Kampala, that includes landmark shopping centers, office buildings and hotels. As my trading business thrived, I opted to venture into a more sophisticated business and real estate was a natural fit for me. Philip Matogo Philip Matogo is a politics and business writer. He became a distributor of commodities in Uganda, Sudan, DRC, Tanzania and Kenya. The road to wealth for Kiggundu is quite an interesting one. He says in his lifetime, Islam is the highest achievement. Looking at the mistakes I had made in my first project, I was able to move a bit faster because I knew what to expect when it came to the space of commercial real estate. The list of the richest people in Uganda 2022 includes native Ugandans as well as businessmen who are born to immigrants. In April 2021, Forbes Magazine Valued his net worth at US$870 million. Africans should not chase their dreams out there, but rather put in an effort and struggle to implement their desires in Africa. In 1984, Hamis Kiggundu was born in the Lukerere hamlet of Masaka District, which is now Kalungu District, in Uganda's Central Region. All Rights Reserved. They also benchmark themselves against international business best practices. John Bosco Muwonge tops the list of richest people in Uganda in 2022. Kiggundu, who is a Ugandan businessman and philanthropist, showed a deep commitment to helping and supporting others in Uganda. He is the editor-in-chief of Billionaires.Africa. Thereafter, he ventured into real estate, Transportation, technology, and the industrial sector which necessitated his rise to financial influence. The 2022 wealthy list released by top analysts favours those who invested in technology, real estate, health, food, logistics etc. It is clear that the success that Kiggundu has achieved is due to a combination of determination, creativity, hard work and ambition. At just 37, with a forbes net worth of $870 million; Kiggindu famously known as Ham in his home country, owns a number of . In your opinion, how can African governments redesign the education system to combat financial illiteracy and prepare students for successful wealth-building, accumulation and stewardship? A Subsidiary of Daily Express Media Ltd. 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[64], Couldn't parse video from https://youtube.com/@HamisKiggundu. The 31-year-old billionaire who owns Ham Towers opposite Makerere University main gate and now has a mega home at the shores of Lake Victoria started making money after his years at University. This gave me the opportunity to test the entrepreneurial waters. Kiggudu attended Masaka primary school and spent most of his school holidays helping his father, a . The source of Hamis Kiggundu's wealth has been revealed. 11 Which tribe is the poorest in Uganda? Farmers can then repay in form of Agro produce, according to Forbes. I was born to Mr. Segawa Haruna and Mrs. Nakayiza Jalia on Feb. 10, 1984, and was raised in the small village of Kalungu, Uganda, which is in East Africa. 3,500. He talks about Islam as "the highest achievement of a lifetime" and that he would not choose another religion. By Hamis Kiggundu". 4million) over the course of 10 years. Kiggundu is the son of Mr. Haruna Segawa and Mrs. Nakayiza Jalia, who is part of a family with extensive property investments in Kampala. However, Sudhir has continued to invest in upscale accommodations and office spaces, as well as commercial buildings in DownTown Kampala. Number of employees. Ham himself has a net worth of over 980 million US dollars which is accounted for by his company Ham Group which owns around 90 per cent of the company. As my margins grew, I began to source directly from international markets and became a firsthand importer myself. She is said to be the pillar on which her relatives including John Sebalamu, John Bosco Muwonge and Haruna Segawa, built their wealth. It comes fully equipped with its helipad and will be a regional tourist attraction. After months of hard work and dedication, the stadium is now home to one of the most modern sports complexes in Uganda. His success story is an inspiration to not just the people of Uganda, but to everyone around the world. [16], In 2015, President Museveni directed Kiggundu to redevelop and upgrade Nakivubo Stadium into a modern state of the art sports facility with larger capacity. Kiggundu is an example of the bright, talented and hardworking individuals who put their minds to the task and succeed regardless of their origins. Muwonge could be valued at USD 1.8 billion. [55], In April 2021, Kiggundu ventured into Internet entrepreneurship with Hamz Link an internet based company operating a number of subsidiaries through different web and mobile based platforms ranging from; Education, Communication, Online Shopping, Online Payment, Video hosting and Entertainment sectors. Hamis Kiggundu aka Ham is a Ugandan businessman, real estate and property developer, investor, a lawyer by profession, philanthropist and author. Submit your stories now via social or: Email: news@pulse.ug Recommended Articles He has over 17 companies under his Ruparelia Group with interests in hospitality, real estate, finance, media, insurance, education, agriculture, labour export among others. In April 2020 Hamis Kiggundu donated food relief to UgandasCOVID-19 task forceplus food supplies to over 100 Ugandan journalists through the Uganda Journalists Association (UJA), cash handouts to journalists for which he was criticized of. They must have the ability to anticipate change and most importantly they must be courageous enough to abandon their past. He also added several new stands and a modern scoreboard. This project was dedicated to him in 2015, by the president of the Republic of Uganda, Yoweri Kaguta Museveni. It is also inspiring to see a man from humble beginnings, having created such a great amount of wealth for himself and is now looking to give back to society. Kiggundu is the CEO of the Ham Group of Companies, and the author of Success and Failure Based on Reason and Reality and Reason as the World Masterpiece. Kiggundu is the CEO and founder of the Ham Group of Companies, and the author of Success and Failure Based on Reason and Reality and Reason as the World Masterpiece. After all, the stadium had not been touched since the 1960s, and it was showing its age. Uganda is an agro-based economy with a very good climate, fertile soils and a young energetic population that survives on imported goods that are always processed from our own agro-produce that we export as raw materials at very low cost compared to the processed imports that we usually buy expensively. You recently donated money to the Ugandan government to purchase 150,000 doses of COVID-19 vaccines in an effort to combat COVID-19 in Uganda. 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